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Entrepreneurial control aversion and bank financing in Swedish SMEs
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Banking and Finance.
2015 (English)In: Banks and Bank Systems, ISSN 1816-7403, Vol. 10, no 1, 65-74 p.Article in journal (Refereed) Published
Abstract [en]

In this paper the authors argue that for the development of SME’s, the learning process is instrumental for an open approach towards external financiers, including new owners. The analysis shows that firms learn to handle control aversion step by step, as they gain competence and experience through their relationship with external financiers. In this paper a linear structural equation modelling program, Lisrel, is used to analyze a sample of 281 firms (out of an original sample of 545 firms, yielding a response rate of 51.2 percent). The firms have less than 200 employees, and the sample includes both manufacturing and service firms. The questionnaire includes both attitudinal and factual aspects of control aversion and financing.

Place, publisher, year, edition, pages
Dilovi Perspektyvy,Business Perspectives , 2015. Vol. 10, no 1, 65-74 p.
National Category
Economics and Business
URN: urn:nbn:se:kth:diva-174730ScopusID: 2-s2.0-84941557997OAI: diva2:866929

QC 20151105

Available from: 2015-11-04 Created: 2015-10-07 Last updated: 2015-11-30Bibliographically approved

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